HORNSUND AS

8402 SORTLAND

Finances

Return on Equity

61,44 %

Current Ratio

2,82

Debt-to-Equity Ratio

3,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	376 000	999 000	252 000	210 000
Net Income	486 000	246 000	−1 897 000	28 000
Total Assets	3 306 000	3 362 000	1 577 000	3 520 000
Total Equity	791 000	305 000	59 000	1 116 000

Income (NOK)	2022	2021	2020	2019
Revenue	376 000	999 000	252 000	210 000
Expenditure	254 000	596 000	104 000	76 000
Operating Profit	123 000	402 000	149 000	134 000
Financial Income	452 000	1 000	1 000	0
Financial Costs	74 000	88 000	2 036 000	98 000
Financial Balance	378 000	−87 000	−2 035 000	−98 000
Earnings Before Tax	500 000	315 000	−1 886 000	36 000
Tax	14 000	69 000	11 000	8 000
Net Income	486 000	246 000	−1 897 000	28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 152 000	3 168 000	1 513 000	3 477 000
Total Current Assets	155 000	194 000	64 000	44 000
Total Assets	3 306 000	3 362 000	1 577 000	3 520 000
Total Retained Equity	−149 000	−635 000	−881 000	1 016 000
Total Equity	791 000	305 000	59 000	1 116 000
Total Long-Term Debt	2 460 000	2 932 000	1 434 000	2 365 000
Total Current Debt	55 000	125 000	84 000	39 000
Total Equity and Debt	3 306 000	3 362 000	1 577 000	3 520 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	116 000	860 000	0	0
Other Income	260 000	138 000	252 000	210 000
Revenue	376 000	999 000	252 000	210 000
Cost of Goods Sold	0	147 000	0	0
Salary Costs	86 000	209 000	0	0
Depreciation	26 000	26 000	26 000	23 000
Impairment	0	0	0	0
Expenditure	254 000	596 000	104 000	76 000
Operating Profit	123 000	402 000	149 000	134 000
Financial Income	452 000	1 000	1 000	0
Financial Costs	74 000	88 000	2 036 000	98 000
Financial Balance	378 000	−87 000	−2 035 000	−98 000
Dividends	0	0	0	0
Net Income	486 000	246 000	−1 897 000	28 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	1 000	0	0
Real Eastate	1 437 000	1 463 000	1 489 000	1 514 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 437 000	1 463 000	1 489 000	1 514 000
Total Fiancial Fixed Assets	1 704 000	1 704 000	25 000	1 963 000
Total Fixed Assets	3 152 000	3 168 000	1 513 000	3 477 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	95 000	154 000	4 000	4 000
Total Current Assets	155 000	194 000	64 000	44 000
Total Assets	3 306 000	3 362 000	1 577 000	3 520 000
Total Equity	791 000	305 000	59 000	1 116 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 460 000	2 932 000	1 434 000	2 365 000
Creditors	8 000	9 000	50 000	16 000
Unpaid Taxes	5 000	14 000	0	0
Dividends	0	0	0	0
Other Current Debt	18 000	23 000	12 000	4 000
Total Current Debt	55 000	125 000	84 000	39 000
Total Equity and Debt	3 306 000	3 362 000	1 577 000	3 520 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,44 %	80,66 %	−3 215,25 %	2,51 %
Debt-to-Equity Ratio	3,11	9,61	24,31	2,12
Operating Profit Margin	32,71 %	40,24 %	59,13 %	63,81 %
Current Ratio	2,82	1,55	0,76	1,13
Quick Ratio	2,82	1,55	0,76	1,13
Equity Ratio	0,24	0,09	0,04	0,32
Gross Profit Margin	100 %	85,29 %	100 %	100 %